Rennova Health, Inc. (RNVA) Named One of The Most Undervalued Stocks of 2023 By The Stock Day Podcast
March 15, 2023 -- InvestorsHub NewsWire -- Via Stock Day Media -- At Stock DayMedia, we've named Rennova Health, Inc. (RNVA)as one of the most undervalued stocks of 2023 on the OTC Markets.From its low stock price to its positive cash flow and significantrevenue potential, investors will want to learn more about thisuniquely positioned company in the healthcare industry.
About Rennova, Health Inc.
Headquartered in West Palm Beach, Florida, Rennova Health, Inc.is a company dedicated to delivering efficient, innovative, andaccessible healthcare services to rural communities. Rennovacurrently owns one operating hospital, Big South Fork MedicalCenter, located in Oneida and a rural clinic in Kentucky,Tennessee, as well as an additional hospital and a physician'spractice located in Jamestown, Tennessee, which are both slated toreopen.
Rennova has recently taken strides to further diversify itsofferings. With the formation of Myrtle Recovery Centers, Rennovawill also be able to provide comprehensive care for individualswith substance, behavioral, and mental health challenges as thedemand for these services continues to grow.
Rennova also made the decision to separate its former technologyand software division into InnovaQor, Inc. (INQR), a companydedicated to creating innovative technology solutions that allowmedical providers and facilities to effectively enhance theirbusiness and processes, while protecting their assets and patientdata.
Share Structure and Revenue Potential
Currently, we estimate that Rennova Health, Inc. is nowgenerating in excess of $15 million in revenues annually from itsBig South Fork Medical Center with a positive cash flow on amonthly basis. Rennova is expected to continue growing its revenuesand could add another $10 million annually from its Myrtle RecoveryCenters division, which it expects to open in the second quarter.Additionally, with the capacity for 25 medical beds, 40 mentalhealth beds, plus operational surgical facilities, Rennova istargeting a 2024 reopening of its Jamestown, Tennessee regionalhospital. This hospital previously had revenues of approximately$1.2 to $1.5 million per month.
Yet, despite its positive cash flow, proven revenue generation,and the potential for significant revenue additions, RennovaHealth, Inc. is currently a triple zero stock with a market cap ofjust $3 million, earning the company a spot as one of Stock Day'smost undervalued stocks of 2023.
InnovaQor Investment
However, none of the above includes Rennova Health. Inc.'ssignificant investment in its former technology and softwaredivision, InnovaQor, Inc., which is now a fully reporting publiccompany trading on the OTC Markets under the ticker symbol 'INQR'.At Stock Day Media, we believe this investment could provideadditional returns for Rennova, and it has previously beenintimated that Rennova shareholders may receive shares in InnovaQorfrom Rennova.
While InnovaQor continues its efforts to raise funding toexecute on its business plans, the company has publishedsignificant news regarding the securement of a signed agreementwith XCPCNL Business Services Corporation (OTC:XCPL) to develop asales and marketing strategy for its healthcare software productsand services. On February 28th, 2023, InnovaQor also announced thelaunch of its automated billing solution through its subsidiary,Medical Mime, Inc., a provider of an EHR (Electronic HealthRecords) software designed for behavioral health and substanceabuse facilities.
Market Demand
In determining their business model and diversificationstrategy, it is clear that Rennova Health, Inc. is well positionedto meet not only the needs of its communities but also the evolvingdemands of the healthcare industry.
According to the American Hospital Association, nearly 20% ofAmericans live in rural areas and depend on their hospitals asimportant – and often only – sources of care in their communities.Meanwhile, The U.S. behavioral health market size was valued at USD76.44 billion in 2021 and is projected to grow from USD 79.69billion in 2022 to USD 105.14 billion by 2029, accordingtoFortuneBusiness Insights.
For Rennova, the proven demand for improved access to ruralhealthcare, as well as the increasing need for behavioral healthservices, adds both strength and opportunity to their businessstrategy, representing significant potential for investors andshareholders.
Learn More About Rennova, Health Inc. (RNVA)Today!
With its triple zero status, significant revenues, and positivecash flow, it's easy to see why we've named Rennova Health, Inc. asone of 2023's most undervalued stocks. However, with a number ofexciting projects set to launch this year, it is Rennova's upcomingrevenue potential and diversified offerings that makes this companya blatant standout among other companies listed on the OTC Marketin the healthcare services industry.
To learn more about this undervalued stock, please visitStock DayMedia or listen to Rennova's latest podcast interview,here.
SOURCE: Stock Day Media
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